The government's squeeze on social landlords has hit trading at listed contractor Lakehouse and prompted the firm to post a profit warning, writes Louise Dransfield. Lakehouse said in a trading statement on Monday that "funding pressures" on social landlords -which it said were caused in part by the government's imposition of 1% rent reductions per annum - had resulted in lower profit than expected in its regeneration and energy services divisions. Stuart Black, executive chairman of Lakehouse, said: "Following our successful maiden results as a public company, we have seen recently a number of headwinds facing our markets come together to impact our business.
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